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In Episode 6 of our Second Act retirement series, we tackle one of the biggest questions facing Canadian retirees: When should you start taking your CPP and OAS?

This episode breaks down:
✅ How CPP and OAS actually work
✅ How much you might receive (with 2025 estimates)
✅ The pros and cons of starting early vs. delaying
✅ Mistakes to avoid that could cost you thousands
✅ Tips for maximizing benefits based on your lifestyle, income, and health

We also cover survivor benefits, disability provisions, working while collecting, clawback rules, and the role of international work and residency in qualifying for benefits.

👉 Don’t leave this decision to chance. Get informed, and get it right.
#CPP #OAS #RetirementPlanning #CanadaPension #SecondAct #HarvestETFs

💡 Plus, learn how to fill the income gap if you delay CPP or OAS—with help from our sponsor and partner, Harvest ETFs.
Learn More: https://harvestportfolios.com/
Harvest Diversified Monthly Income ETF: https://harvestportfolios.com/etf/hdif/
Harvest Balanced Income & Growth ETF: https://harvestportfolios.com/etf/hbig/

Chapters:
0:00 Intro
0:45 Canada Pension Plan (CPP)
1:38 Contributory Period
2:27 Drop Out Provisions
4:37 Pensionable Earnings & Contribution Rates
7:27 How Much Does CPP Pay?
9:25 Working While Collecting / Post-Retirement Benefit
10:24 CPP Survivor Benefit
11:38 CPP Death Benefit
12:48 CPP Disability Benefit
13:45 CPP Children's Benefit
14:07 Old Age Security
14:33 OAS Living or Outside of Canada
15:24 How Much Does OAS Pay?
15:52 Working Outside of Canada
16:38 Agreements with Other Countries
17:09 Retiring Abroad
17:59 OAS Clawback
18:39 Guaranteed Income Supplement (GIS)
20:22 Harvest ETF Solutions
22:09 Reasons to Take Early
25:14 Reason to Delay Starting
28:33 Common Mistakes

📌 LINKS:
Government of Canada Pension Hub
https://www.canada.ca/en/services/retirement.html
Canada Pension Plan
https://www.canada.ca/en/services/benefits/publicpensions/cpp/apply.html
Canada Pension Plan Post-Retirement Benefit (PRB)
https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-post-retirement/apply.html
Canada Pension Plan Death Benefit
https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-death-benefit.html
Canada Pension Plan Disability Benefit
https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-disability-benefit/apply.html
Old Age Security
https://www.canada.ca/en/services/benefits/publicpensions/old-age-security/apply.html
Guaranteed Income Supplement
https://www.canada.ca/en/services/benefits/publicpensions/old-age-security/guaranteed-income-supplement/apply.html
Lived or Living Outside Canada
https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-international/apply.html

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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.